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AKITA Drilling Ltd.

(Pink Sheets:AKTAF) (Toronto:AKT)
Contact Information
AKITA Drilling Ltd.
900, 311 - 6th Ave. SW
Calgary, Alberta T2P 3H2, Canada
Tel. 403-292-7979
Fax 403-292-7990

Type: Public
On the web: http://www.akita-drilling.com
Employees: 850
Employee growth: 3.5%

Under land, under sea, and under ice, AKITA Drilling knows the drill. The oil and gas drilling contractor operates a fleet of 37 drilling rigs, including some rigs capable of drilling through the icy terrains of Canada's arctic regions. The company also operates three well-servicing rigs. In addition to providing conventional drilling services, AKITA Drilling offers directional, horizontal, underbalanced, and other specialized drilling services to oil and gas companies in Western Canada. Through five joint venture companies it provides drilling services in Canada's northern territories. Sentgraf Enterprises, controlled by chairman Ron Southern, holds an 86% stake in AKITA.

Key numbers for fiscal year ending December, 2006:
Sales: $149.7M
One year growth: 7.6%
Net income: $28.9M

Officers:
Deputy Chairman: Ronald D. (Ron) Southern
CEO and Director: John B. Hlavka
President and COO: Karl A. Ruud

Competitors:
Nabors Industries
Patterson-UTI Energy
Precision Drilling

 
 
 

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